You are currently browsing the tag archive for the ‘puerto rico unemployment’ tag.

Por: Marshall Kirby, Public Policy Analyst

Con  la colaboración de Justin Velez-Hagan, National Executive Director

Traducido por: Julia Cortazar

23 de noviembre de 2010, Washington, D.C. – Puerto Rico ha sido fuertemente afectada por la crisis económica mundial.  En la actualidad, la cifra oficial de desempleo trepa a una tasa del 17%, la cual no incluye a los subempleados y a quienes han dejado de buscar empleo. Al mismo tiempo, hay escasez de mano de obra en el sector agrícola. Desde la semana pasada en Puerto Rico se está discutiendo el Proyecto de Ley 1038, el cual permitirá la importación, de manera temporaria, de mano de obra extranjera para la cosecha del grano de café y otras cosechas. (Para mayor información sobre este tema haga clic aquí)

Existen dos cuestiones importantes en juego –la primera desde la perspectiva empresarial y económica– los cultivos y las tierras sembradas necesitan ser cosechadas. Cada año, hay una caída en la producción por la falta de trabajo físico en las cosechas. Esto lleva a una ineficiencia en la producción y, eventualmente, podría causar que la isla pierda competitividad en la producción de café y otros productos agrícolas. Read the rest of this entry »

By: Marshall Kirby, Public Policy Analyst

With contributions by: Justin Velez-Hagan, National Executive Director

November 23 2010, Washington, D.C. – Puerto Rico has been hit very hard in the global economic crisis.  Currently, there is an official 17% unemployment rate, which does not include the underemployed and those who have given up looking for work.  Yet, at the same time, there is a shortage of labor in the agricultural sector.  As of last week, Puerto Rico is discussing Bill 1038, which will in essence allow the Commonwealth to import foreign labor on a temporary basis to assist with the coffee bean and other harvests.  [For more information on the policy, click here]

There are two important issues at play – one is from the business and economics perspective – the crops and the fields need to be harvested.  Each year, there is wasted production and wasted output because the fields lack the physical labor needed to bring them to harvest.  This leads to inefficiency of production, and could eventually cause the island to lose any competitive edge it has in the production of coffee and other agricultural endeavors.  The second issue is that there is inefficiency in the labor market if there is an excess of labor (which 17% unemployment clearly shows) and unwillingness for Puerto Rican’s to work as laborers in the agricultural sector.  This is not a new phenomenon; we have seen this for a long time in the lower 48 of the United States.  Macroeconomics teaches us that an economy will never have a 0% unemployment rate, due to seasonal, frictional, and structural factors. Read the rest of this entry »

Join 9 other followers

Articles by Category

RSS Articles for the Entrepreneur

  • An error has occurred; the feed is probably down. Try again later.

RSS Forbes Entrepreneurs

  • An error has occurred; the feed is probably down. Try again later.

RSS Puerto Rico news from PRFAA

  • An error has occurred; the feed is probably down. Try again later.

Join 9 other followers

RSS National Puerto Rican Coalition, Inc.

  • An error has occurred; the feed is probably down. Try again later.

Most used tags:

51st State Issue african-american entrepreneurship best schools for hispanics best schools for puerto ricans breast cancer hispanics broadband broadband for minorities broadband in puerto rico broadband puerto rico business policy charlie rangel congress and small business conservative fiscal policy diageo economic growth economic growth policy entrepreneurship contest entrepreneurship education entrepreneurship in the classroom facebook for minority business facebook for small business governor fortuno healthcare hispanics hispanic entrepreneurs hispanics and broadband hispanic scholarships investment opportunities puerto rico latina breast cancer latina entrepreneurs latino broadband latino education latino entrepreneurs latino entrepreneurship latino entrepreneurship videos latino leaders marijuana and business marshall kirby minorities in corporations minority board representation minority bus. development minority business minority entrepreneurship minority small business research net neutrality obama and small business peurto rico economy poll on economic outlook puerto rican economy puerto rican entrepreneurship puerto rican environmental policy Puerto Rico 15st State puerto rico broadband puerto rico business puerto rico business tax puerto rico credit rating puerto rico economy puerto rico unemployment research on small business research on women in business rum cover over sba september 11th small business advice small business development small business economic outlook small businesses drive economy small businesses of elected officials small business jobs and credit act of 2010 small business loans small business policy small business taxes tax policy The National Puerto Rican Chamber of Commerce Publicity via verde women in business